The Ethereum Foundation, a primary organization supporting the development of Ethereum, has made a massive transfer of 2,500 ETH, valued at about $6.06 million, to Bitstamp, according to data from Lookonchain. This transfer from a wallet linked to the foundation suggests a possible large sale or transfer of funds for liquidity. The Ethereum Foundation has previously engaged in similar transfers, indicating potential price movements and the need to cover development projects or operational costs. The recent transfer has sparked speculation and could impact market sentiment. In addition to this move, other activities within the Ethereum blockchain, such as high gas fees, have raised concerns. At the time of writing, Ethereum's price was down by 0.92%. However, the introduction of the new Ethereum proposal EIP 7781 has left the community optimistic about potential long-term shifts.



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